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Eni Continues to Support Libyan Oil & Gas Activities

The head of the presidential council of the Libyan government of national accord, Fayez al-Sarraj, met with the CEO of Eni, Claudio Descalzi, in Tripoli and discussed the general situation of the country, addressing the security situation in particular. In a previous meeting, Descalzi met with the chairman of Libya's National Oil Corporation (NOC), Mustafa Sanalla.

Claudio Descalzi confirmed the strong commitment of the company in regularly proceeding their activities in the country. Both Sarraj and Sanalla expressed their appreciation for Eni strong stand with Libyan people and the NOC.

Eni has taken a significant initiative in the country’s power generation sector, focusing mainly on the technical assistance activities for the maintenance of some power plants in the region around Tripoli as a clear demonstration of company support to the country. Eni is the main supplier of gas for power generation to the local Libyan market destined entirely to fuel country’s power plants, with an electricity generation capacity of over three gigawatts.

During the meeting, Eni discussed the proceedings of its current projects in Libya. As regards Bahr Essalam Phase 2, started-up in July, the tie-in activities of the remaining seven wells are continuing. Their completion is expected by the end of 2018.

The progress of the compression capacity upgrading project at Wafa plant was also mentioned, with the first gas expected to come on stream during the next few days, as a clear indication that relevant projects can be successfully implemented even in the remote onshore areas of the Libyan territory.

Mustafa Sanalla and Claudio Descalzi took stock of the exploration and production sharing agreement (EPSA) negotiations, following the letter of intent (LOI) signed between Eni, NOC and BP in October for the assignment to Eni of a 42.5% stake and the Operatorship in the EPSA, with the aim of restarting the activities in the first half of 2019.

The chairman of NOC and Eni’s CEO also discussed important future projects, in particular, the development of the A&E offshore facilities. The tender for the engineering study is expected to be launched shortly. The implementation of this project will make possible to extend the gas production plateau from the Libyan offshore, with considerable savings for the country regarding the import of liquid fuels.

The opportunity and the need to train a considerable number of young Libyans, in parallel with the relaunch of investments in the country and as part of current and future projects, was also discussed with main objective to enhance their professional skills and competencies in the industrial sector and in the oil sector in particular.